Prologis Offers to Buy Former Raiders HQ in East Bay

San Francisco-based Prologis is offering the city of Oakland and Alameda County $24M to buy the East Bay site of the former HQ for the Raiders, the NFL franchise that bolted for Las Vegas four years ago.

The logistics giant has a condition on its offer, which is the most lucrative bid received by the two counties, who jointly own the former Raiders site: it must continue to serve as a training facility for Oakland’s two professional soccer teams, the Roots and the Soul.

The two-building complex on Harbor Bay Parkway includes the 100K SF former HQ and an 18K SF facility that has been leased by the Roots, an affiliate of Oakland Pro Soccer (OPS), since 2021.

Oakland city officials said in a staff report on the Prologis offer that an investment in the Roots and Soul soccer teams could create a “potential role for Oakland in the 2026 World Cup,” according to a report in the San Francisco Business Times.

The 2026 World Cup will be jointly hosted by the U.S., Canada and Mexico. Levi’s Stadium, the Santa Clara home of the NFL’s San Francisco 49ers, will be a venue for World Cup games.

“The Prologis offer has the most attractive terms with a competitive purchase price, free of entitlement and financing contingencies, and with additional strategic benefits of preserving OPS use of the training facility and positioning the property for use in the World Cup,” the Oakland staff report said.

According to the Oakland staff report, Prologis would give OPS a long-term lease for the property to continue using it as a training facility, and also views the site as suitable for conversion to industrial use in the future.

The city of Oakland and Alameda County became joint-owners of the Raiders HQ property at the end of 2020. Alameda County scheduled an auction of the two-building site last summer, setting a minimum bid price of $36M, but postponed the auction without explanation.

The former headquarters has a locker room, media production rooms, conference rooms, two indoor whirlpools with a steam room and a fenced and gated parking lot. The training facility has an indoor fitness space, an exterior pool and a large grass field.

The Roots and the Soul are moving forward with plans to relocate into a temporary stadium near the Oakland Coliseum by 2025.

The Oakland-based soccer clubs submitted a preliminary application for a temporary 10,000-seat stadium on close to nine acres of surface parking at 8000 South Coliseum Way, a property known as the Malibu Lot.

The stadium would host the Roots, a professional men’s team that was formed in Oakland in 2018, as well as the pre-professional women’s team, the Soul, which launched last summer.